Use the following data $(attached)$ for the Town $of$ Paragon starting $in$ year $19X6$

$1.$ What $is$ the property tax rate $in$ dollars per $$100of$ assessed value?

$2.$ The Gillespie family has property with a market value $of$ $$45,000.$ The assessment ratio $in$ Paragon $is$ one$-$third. The family $is$ entitled $to$ a mortgage exemption $of$ $$1,000,$ which $is$ taken against assessed value. What $is$ the Gillespie family$s$ property tax bill?

$3.$ Suppose that $in19X7,$ properties $in$ Paragon that the only change $in$ assessed value comes from new construction increasing assessed values $by5\%.$ The state also introduces a levy control for that year, allowing $19X7$ levies $to$ increase $by6\%$ over their value $in19X6.$

Non$-$property tax revenue for Paragon $is$ estimated $tobe$ $$6\mathrm{.}5Min19X7.$

What $is$ the maximum $19X7$ property tax rate permitted?

What $is$ the maximum $19X7$ town expenditure $(budget$ amount$)$

What $is$ the property tax bill that the Gillespie family will receive $in19X7?$

$4.$ Suppose that $in19X8,$ properties $in$ Paragon that the only change $in$ assessed value comes from new construction increasing assessed values $by9\%.$ The state also introduces a new property tax control for that year, allowing $19X8$ levies $to$ increase $by$ only $$1\mathrm{.}80$ per $$100$ over the level $of19X7.$

Non$-$property tax revenue for Paragon $is$ estimated $tobe$ $$6\mathrm{.}75Min19X8.$

What $is$ the maximum $19X8$ property tax rate permitted?

What $is$ the maximum $19X8$ town expenditure $(budget$ amount$)$

What $is$ the property tax bill that the Gillespie family will receive $in19X8?$